O Keefe Stevens Advisory Inc. Increases Stock Holdings in TKO Group Holdings, Inc. (NYSE:TKO)

O Keefe Stevens Advisory Inc. lifted its stake in shares of TKO Group Holdings, Inc. (NYSE:TKO) by 26.8% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,961 shares of the company’s stock after purchasing an additional 415 shares during the quarter. O Keefe Stevens Advisory Inc.’s holdings in TKO Group were worth $300,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of TKO. Charles Schwab Investment Management Inc. lifted its stake in shares of TKO Group by 3.7% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 469,289 shares of the company’s stock worth $66,691,000 after acquiring an additional 16,536 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its position in TKO Group by 21.8% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 19,953 shares of the company’s stock worth $2,836,000 after purchasing an additional 3,572 shares during the period. Twin Tree Management LP raised its stake in shares of TKO Group by 147.0% during the 4th quarter. Twin Tree Management LP now owns 123,713 shares of the company’s stock worth $17,581,000 after buying an additional 73,617 shares in the last quarter. Resona Asset Management Co. Ltd. purchased a new position in shares of TKO Group during the 4th quarter worth approximately $431,000. Finally, Moore Capital Management LP lifted its holdings in shares of TKO Group by 1,625.0% in the 4th quarter. Moore Capital Management LP now owns 418,286 shares of the company’s stock valued at $59,443,000 after buying an additional 394,038 shares during the period. 89.79% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other TKO Group news, Director Jonathan Kraft purchased 3,500 shares of TKO Group stock in a transaction on Friday, March 7th. The shares were bought at an average price of $140.69 per share, with a total value of $492,415.00. Following the purchase, the director now directly owns 23,500 shares in the company, valued at $3,306,215. This trade represents a 17.50% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Sonya E. Medina acquired 233 shares of the stock in a transaction dated Monday, March 17th. The stock was acquired at an average cost of $142.93 per share, with a total value of $33,302.69. Following the transaction, the director now owns 2,000 shares of the company’s stock, valued at approximately $285,860. This trade represents a 13.19% increase in their ownership of the stock. The disclosure for this purchase can be found here. Company insiders own 61.30% of the company’s stock.

Analysts Set New Price Targets

TKO has been the subject of several research analyst reports. Benchmark reiterated a “hold” rating on shares of TKO Group in a research report on Monday, March 3rd. Guggenheim increased their price target on shares of TKO Group from $175.00 to $190.00 and gave the company a “buy” rating in a report on Friday, May 9th. Morgan Stanley boosted their price objective on shares of TKO Group from $128.00 to $160.00 and gave the stock an “equal weight” rating in a report on Monday, February 24th. Pivotal Research restated a “buy” rating and set a $195.00 target price (up from $145.00) on shares of TKO Group in a research report on Thursday, February 27th. Finally, The Goldman Sachs Group lifted their price target on shares of TKO Group from $170.00 to $188.00 and gave the company a “buy” rating in a research report on Monday, May 12th. Two research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $166.25.

TKO Group Price Performance

TKO stock opened at $157.79 on Monday. The stock’s 50 day moving average price is $155.39 and its 200 day moving average price is $150.58. The firm has a market cap of $31.23 billion, a P/E ratio of -375.69 and a beta of 0.73. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.17 and a current ratio of 1.17. TKO Group Holdings, Inc. has a 1 year low of $100.76 and a 1 year high of $179.09.

TKO Group (NYSE:TKO) last released its quarterly earnings results on Thursday, May 8th. The company reported $0.69 earnings per share for the quarter, topping analysts’ consensus estimates of $0.55 by $0.14. The company had revenue of $1.27 billion during the quarter, compared to analysts’ expectations of $1.07 billion. TKO Group had a positive return on equity of 3.39% and a negative net margin of 1.26%. The business’s revenue for the quarter was up 3.8% compared to the same quarter last year. During the same period in the previous year, the firm posted ($1.26) earnings per share. On average, sell-side analysts expect that TKO Group Holdings, Inc. will post 3.88 earnings per share for the current fiscal year.

TKO Group Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, June 13th will be paid a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a dividend yield of 0.96%. TKO Group’s dividend payout ratio is currently 77.16%.

TKO Group Profile

TKO Group Holdings, Inc operates as a sports and entertainment company. The company produces and licenses live events, television programs, and long-form and short-form content, reality series, and other filmed entertainment on digital and linear channels and via pay-per-view. It is involved in the merchandising of video games, apparel, equipment, trading cards, memorabilia, digital goods, and toys, as well as sale of travel packages and tickets.